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The World Bank Country Director for Nigeria, Shubham Chaudhuri, has said that public spending in the country is among the lowest globally. He said this while delivering the keynote address at the annual banking and finance conference in Abuja on Tuesday. His presentation noted that “Nigeria’s government capital expenditures are the lowest globally.” According to Chaudhuri, “Public spending by the Nigerian government, both the federal and subnational levels, have been very low.” He added that government spending is insufficient to close the infrastructure gap. His presentation document read, “At the current rate of capital spending, it would take 300 years…
Activities across different sectors have been grounded as a result of the ongoing strike of the Nigeria Labour Congress (NLC). The NLC had last Friday declared two-day warning strike over current hardship caused by removal of petrol subsidy. Minister of Labour, Simon Lalong, had called for a meeting to resolve issues raised by the union, but while the Trade Union Congress (TUC) attended the meeting, NLC shunned it and directed affiliate unions, including the National Union of Air Transport Employees, Association of Nigeria Aviation Professionals, National Association of Aircraft Pilots and Engineers, among others stakeholders in the aviation sector to…
Niger’s ruling junta said discussions are under way that are expected to result in the rapid withdrawal of French troops, after the West African country ended a military cooperation agreement with its former colonial ruler. “The government has already revoked the deals that allow for the French troops to operate on our territory,” Prime Minister Ali Lamine Zeine told reporters in the capital, Niamey, on Monday. “They’re here illegally. Talks are underway, which should allow for a swift withdrawal.” Ties between Niger and France have frayed since soldiers seized control of the country on July 26 and ousted President Mohamed…
Former Fox News host Tucker Carlson has teased an interview with Larry Sinclair, a man whose 2008 allegations of having sex and smoking crack with Barack Obama were shrugged off by US media outlets as the then-senator cruised toward victory in that year’s presidential election. Carlson posted a social media promo showing snippets from the interview on Tuesday, indicating that the full conversation will be released on Wednesday evening. The one-minute clip on X (formerly Twitter) garnered about 4 million views within just one hour of being posted. Sinclair said he was introduced to Obama outside a Chicago bar in…
President Olusegun Obasanjo, who twice led Nigeria — first as military head of state (1976-1979) and later as an elected civilian president (1999-2007) — can claim to have seen it all. Born on March 5, 1937, the 86-year-old retired general has been a constant in Nigeria’s history in and out of office, offering comments — even if controversially — on political and economic issues. In this interview with TheCable, he gives his opinions on a wide range of issues. TheCable: Increasingly, we are witnessing an era of military coups in Africa again. What do you think is going on? Obasanjo:…
Nigeria Labour Congress, NLC, will today begin a two-day warning strike after shunning a meeting with the Federal Government over increasing hardship and suffering across the country caused by the removal of fuel subsidy. This came as the Minister of Labour and Employment, Simon Lalong, yesterday warned that the strike will worsen the plights of ordinary Nigerians and urged NLC to shelve the action. The NLC had on Friday, given notice of a two-day warning strike to protest the excruciating mass suffering and impoverishment experienced around the country, threatening a total and indefinite shutdown of the economy within 14 working…
Federal government is discussing the creation of a state company to regulate its mineral extraction industry and provide funding for local businesses. Africa’s second biggest economy has sizable untapped deposits of metals, including gold, zinc, lithium and iron ore. But nearly all extraction is done by so-called artisanal miners on a small-scale or manual basis, which means that the government misses out on tax revenue. “The proposed corporation will seek and secure partnership-investment agreements with big multinational companies worldwide,” Dele Alake, minister of solid minerals, told a briefing in Abuja on Sunday. The new body would aim to secure “massive…
Sunday, 03 September 2023 04:42

FG recalls Nigeria’s ambassadors worldwide

President Bola Tinubu has directed the recall of all career and non-career ambassadors serving in different countries. Yusuf Tuggar, minister of foreign affairs, announced the decision barely 24 hours after the president recalled Sarafa Isola, Nigeria’s High Commissioner to the United Kingdom (UK). In a statement on Saturday by Alkasim Abdulkadir, Tuggar’s adviser on media and communications strategy, the minister said the recall of Isola on Friday was applicable to all ambassadors. In a letter dated August 31, the minister said Tinubu had recalled Isola and asked him to return to Nigeria by October 31 at the latest, after taking…
Tens of thousands of protesters gathered outside a French military base in Niger's capital Niamey on Saturday demanding that its troops leave in the wake of a military coup that has widespread popular support but which Paris refuses to recognise. The July 26 coup - one of eight in West and Central Africa since 2020 - has sucked in global powers concerned about a shift to military rule across the region. Most impacted is France, whose influence over its former colonies has waned in West Africa in recent years just as popular vitriol has grown. Its forces have been kicked…
Niger’s top court approved the immediate expulsion of France’s ambassador, revoking his diplomatic immunity, according to a request addressed to the court’s president. The development comes after France’s President Emmanuel Macron rejected the ruling junta’s demand to recall his ambassador a month after a coup disrupted relations between the two former allies. The military junta that ousted Niger President Mohamed Bazoum gave French Ambassador Sylvain Itte 48 hours to leave the country last week. The deadline expired on Aug. 28 without France recalling Itte. France says it doesn’t recognize the coup-plotters as the country’s legitimate leaders. Since the July 26…
June 30, 2025

Nigerian Bond Market extends gains as yields fall to 18.38%

Nigeria’s sovereign debt market maintained its upward trajectory last week, with continued investor interest driving…
June 26, 2025

Peter Obi decries ‘coordinated lawlessness’ after brother’s property is demolished in Lagos without court order

Former presidential candidate Peter Obi has condemned what he described as a brazen act of…
June 28, 2025

7 genius responses to ‘put rude people in their place,’ according to communication experts

Kathy & Ross Petras Rude people are, sadly, all around us. We deal with them…
June 21, 2025

Man convicted of posing as flight attendant to fly for free 120 times

A 35-year-old American man has been found guilty of impersonating a flight attendant at least…
June 30, 2025

Bandits strike again in Benue, kill four policemen in fresh attacks

Armed bandits on Sunday launched another deadly assault on Benue State, killing at least four…
June 30, 2025

What to know after Day 1222 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine F-16 pilot killed in large-scale Russian attack, Zelenskiy calls for US help…
June 30, 2025

The computer-science bubble is bursting

Rose Horowitch The job of the future might already be past its prime. For years,…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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